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Medical enrollment increased by about 1.3 million members in 2016, or 3.4 percent, totaling about 39.9 million members.

By: Susan Morse

HealthCare Finance

Anthem’s fourth quarter profits exceeded expectations, the insurer announced Wednesday, reporting $368.4 million, compared to $180.9 million in the last three months of 2015.

“Our fourth quarter 2016 core earnings and financial metrics tracked well versus our expectations, reflecting the efforts of all of our associates to improve affordability on behalf of our members,” said President and CEO Joseph Swedish.

Anthem also ended 2016 with better than expected enrollment, said John Gallina, executive vice president and CFO.

Medical enrollment increased by about 1.3 million members in 2016, or 3.4 percent, totaling about 39.9 million members as of the end of 2016.

For the year, Anthem reported profits of $2.46 billion, as compared to $2.56 billion in 2015.